The “sweetheart” tax deal between the taxman and Goldman Sachs was “not a
glorious episode” in the Revenue’s history but was lawful, the High Court
ruled yesterday.

Mr Justice Nicol dismissed a challenge by the grassroots protest group, UK
Uncut Legal Action, over the legality of the tax deal agreed between bankers
Goldman Sachs and HM Revenue and Customs.

The campaigners maintain that it is wrong to allow rich companies to avoid
paying millions in tax while the Government imposes tough austerity measures
on the poor and ordinary taxpayers are pursued for every penny.